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07 Feb 12. Research and Markets
(http://www.researchandmarkets.com/research/65c104/defense_spending) announced the addition of the “Defense Spending – Scandinavia Industry Guide” report to their offering. Defense Spending – Scandinavia Industry Guide Chemicals – Scandinavia Industry Guide, Defense Spending industry in each of the Scandinavian (Denmark, Norway and Sweden) countries. The report includes easily comparable data on market value, segmentation, and five forces analysis, plus full five year market forecasts for each country. It examines future problems, innovations and potential growth areas within the market. The Scandinavian defense spending market had a total market value of $16.5bn in 2010. Norway was the fastest growing country with a CAGR of 5.2% over the 2006-10 period. Norway is the leading country among the Scandinavian countries, with market revenues of $6.5bn in 2010. (Source: Yahoo!/BUSINESS WIRE)

06 Feb 12. While the news coming out of the Middle East over the past year has focused upon the percolations of restless societies, two aspects remain consistent amidst the region’s sea of political unrest: strong levels of investment in security forces and the appetite for defense-related acquisitions. The market for arms sales in the Middle East continues to be robust, notwithstanding the relative shift in security focus from external to internal concerns. The region’s Arab nations, particularly those in the energy-rich Gulf, remain avid buyers of military hardware. In its latest Middle East market analysis, Forecast International anticipates that the six Gulf Cooperation Council (GCC) members will combine to spend $385bn toward defense and security through 2016. Over the same period, Iraq is expected to invest $65bn in its security forces. With the Middle East accounting for about 20 percent of the world’s arms imports during the latter half of the previous decade, arms producers increasingly set their sites on this lucrative market. The rise in regional arms purchases corresponded with several developments in the security environment of the Arabian Peninsula. These included an increasingly assertive Iranian regional posture, a spike in oil prices that topped out at $147 per barrel in July 2008, and energy infrastructure concerns heightened by a failed terrorist attack on Saudi Arabia’s Abqaiq oil-processing facility in 2006. Today, military modernization programs that include expansions in air, air-defense and naval capabilities are the principal drivers of procurement policy in the GCC states. Cushioned from the drop in international oil prices between late 2008 and mid-2010 by their sovereign wealth funds, the GCC members – led by Saudi Arabia and the United Arab Emirates – have continued to invest in weaponry and advanced platforms, with little sign of a slowdown. With oil prices now hovering around $100 per barrel and security anxieties in several Gulf Arab kingdoms heightened, there is little reason to expect a slowdown in the defense procurement tendencies of the region, according to Forecast International’s Middle East Military Market analyst, Dan Darling. Home to an already tenuous security environment now perceived as that much more fragile in the wake of the Arab Spring events in Egypt and Syria, Israel, too, is intent on pressing forward with projects in the areas of missile defense, cyber warfare, tactical mobility, and precision firepower. FI expects Israel to spend over $77bn over the coming five-year period despite the pressures placed upon the Netanyahu government to expand social welfare spending, partially by reallocating funds from the defense budget. A turbulent and transitioning political environment would seem to portend a more cautioned Western approach to arms sales, yet all signs indicate that the competition for the Middle Eastern market will remain

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